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Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (2,585,793) $ (3,147,134)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization expense 37,036 6,968
Stock-based compensation 84,190 914,426
Impairment loss 52,363
Realized gain on short-term investments (121,765)
Non-cash transaction fees 764
Change in operating assets and liabilities:    
Accounts receivable 8
Prepaid expenses and other current assets (61,477) (79,319)
Accounts payable 113,406 (65,967)
Accrued expenses 19,089 10,966
Deferred revenue 2,376
NET CASH USED IN OPERATING ACTIVITIES (2,512,166) (2,307,697)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments (2,096,293) (3,491,242)
Purchase of marketable equity securities (199,998)
Proceeds from sale of short-term investments 3,312,205
Increase in capitalized internal-use software development costs (23,310) (24,625)
Purchase of intangible asset (150,000)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 842,604 (3,515,867)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the sale of common stock units 159,060 5,958,470
Proceeds from exercise of pre-funded warrants 521
Proceeds from sale of pre-funded warrants 2,897,924
Proceeds from induced exercise of warrants 2,834,843
Purchase and cancellation of treasury shares (19,602) (49,710)
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,872,746 5,908,760
NET INCREASE IN CASH 4,203,184 85,196
CASH, beginning of period 1,024,710 679,781
CASH, end of period 5,227,894 764,977
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest
Income taxes
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Reclassification of deferred offering costs to equity 202,599
Unrealized (loss) income on short-term investments (82,486) 79,646
Increase in digital currency and accounts payable $ 808